Assets are the part of a suit of armor.
Tassets hang from the front, at the waist. Assets protect the backside.
.
----- Original Message -----
But what do they mean by "assets"? Things all of us personally own like fighting/fencing/archery kits, Pennsic equipment, garb, etc.? If that's the case, then some groups could end up owing thousands of dollars.
Let's just say for the sake of argument that these "assets" include trailers and their contents that groups store at Pennsic - do those count? What about things that groups own like feast equipment (pots, pans, utensils, tablecloths, server tabards, etc.)? What about Baronies who have Baronial regalia - does that count?
This could get mighty complicated if they want 18% of "assets" as opposed to 18% of every $100 in a group's bank account. Still, this could be a death knell for smaller or newer SCA groups that lack substantial funds, or older groups going through a "down cycle" like what happens on occasion. I see plenty of fundraisers ahead on the horizon for groups who end up having to pay large shares of their finances in order to meet their obligation.
~Saradwen
Sent from my iPod
On Feb 10, 2012, at 11:48 AM, Matthew Hooper < msrlapin_at_gmail.com > wrote:
Saradwen, the BoD is asking for 18 percent of assets, not income.
Black John di Carri
Sent from my iPhone
On Feb 10, 2012, at 11:39 AM, Sir Donnan < sirdonnan_at_gmail.com > wrote:
<blockquote>
Not to ruffle feathers but I'm trying to understand. $18 dollars out of every $100 is the difference between existing or not?
~ Donnan
On Fri, Feb 10, 2012 at 11:23 AM, Sally Burnell < slburnell_at_att.net > wrote:
<blockquote>
My concern, upon hearing this news, was also for the smaller groups with less ability to pay 18% of their income toward the settlement. For some groups, that amount could be the difference between life and death of a small group with very little in the way is monetary assets.
Our group will be able to manage this, fortunately, but in the nearly 35 years I have been a member of my shire, we have seen our share of financial up and down cycles, and there were times in our past where having to come up with that kind of cash could quite literally have killed our group.
Fortunately we have, in our shire's long history, weathered many storms, up and down cycles of members and activity and come out the other side stronger, as I believe our Society will with this proverbial brick thrown through our collective window.
~Saradwen
Sent from my iPod
On Feb 10, 2012, at 10:27 AM, Judith A Kirk < judith.a.kirk_at_wmich.edu > wrote:
> Mistress Urraca asks:
> So, is the Midrealm going to set up such a fund-raising "event" on ACCEPS?=
>
> I don't know the answer to that question yet.
>
> She then asks:
> =0A=0AWhen will we know just how much money the Middle Kingdom has to come =
> up with?
>
> I believe the figure may have been distributed, it's roughly $90,000
>
> She goes on to ask:
> =0A=0AWill individual shires have to pay a fixed amount, or will it=
> be possible for a branch with more uncommitted money to cover the contribu=
> tion of another branch for whom 18% would be more money than they could giv=
> e without hurting their event plans or requiring them to pay early withdraw=
> al penalties or something?
>
> Every group is supposed to donate 18% of their assets. If coming up with 18% of a group's money causes penalties for early cashin of CD's and the like, or is a hardship for an upcoming event, I would advise contacting your regional exchequer and it might be wise to copy in the Kingdom Exchequer.
>
> I do not know if other groups can offer to cover or help cover, owed balances from other groups. I'll be sure that question gets up the line. But if your group wishes to help another, you might want to let the KEx know, and possibly how much more could be given for that cause.
>
> Some groups have decided to donate more than their share. They've decided to round it up to 20%, or to use their 2011 figures instead of 2010. Donating above your 18% is gratefully and humbly accepted with great thanks.
>
> These are all good questions. The KEx should be preparing and distributing invoices to all groups, that's the latest info I have.
>
> Thank you everyone, for your patience. Your Kingdom leaders are working hard to develop a strategy. Please continue to bear with us while we deal with various decisions we need to make in the immediate future.
>
> Siobhan
> MK Chronicler
>
> From: Judith A Kirk < judith.a.kirk_at_wmich.edu >
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From: Sally Burnell < slburnell_at_att.net >
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</blockquote>
</blockquote>
From: JOE WEIBLE <sirdilan_at_wowway.com>
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Received on Fri 10 Feb 2012 04:44:16 PM EST
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